Kinaxis (TSE:KXS) Upgraded by Cibc Captl Mkts to Strong-Buy Rating

Cibc Captl Mkts upgraded shares of Kinaxis (TSE:KXS) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Several other research firms have also recently commented on KXS. TD Securities lifted their target price on shares of Kinaxis from C$225.00 to C$229.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. National Bankshares set a C$240.00 price objective on Kinaxis and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, CIBC upgraded Kinaxis from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$201.00 to C$203.00 in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$228.38.

Kinaxis Trading Up 1.8%

Shares of KXS stock opened at C$174.59 on Monday. The company has a market capitalization of C$4.90 billion, a price-to-earnings ratio of 145.49, a PEG ratio of 3.60 and a beta of 0.74. The company has a current ratio of 1.89, a quick ratio of 2.29 and a debt-to-equity ratio of 12.12. The firm has a 50-day moving average price of C$176.29 and a 200 day moving average price of C$188.45. Kinaxis has a twelve month low of C$149.96 and a twelve month high of C$212.45.

Kinaxis (TSE:KXS) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.58 earnings per share (EPS) for the quarter. The company had revenue of C$187.41 million for the quarter. Kinaxis had a net margin of 4.33% and a return on equity of 4.69%. Research analysts forecast that Kinaxis will post 4.2526231 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Kushan Krishna Surana sold 222 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of C$177.41, for a total transaction of C$39,385.02. Following the completion of the sale, the insider directly owned 19 shares in the company, valued at C$3,370.79. This represents a 92.12% decrease in their position. 1.20% of the stock is owned by corporate insiders.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation.